Jeremy Hunt has today vowed to make Britain one of the world's "most open, dynamic and competitive financial services hubs" as he sets out sweeping post-Brexit reforms to the City that campaigners have dubbed "Big Bang 2.0".
Chinese benchmarks rose on reports the government is planning new measures to support the ailing property sector, which has dragged on growth over the past several years.
Asian shares tracked Wall Street higher on Friday amid hopes that China's economy would pick up pace as COVID-19 curbs ease, although caution ahead of a week full of risk events, including the Federal Reserve's policy meeting, could cap sentiment. The U.S. dollar extended declines for the third straight day, retreating on the Japanese yen, euro and sterling. S&P 500 futures rose 0.2%, while Nasdaq futures increased 0.3%.